About This Home

Located in Austin, the Garner floorplan is a perfect one story starter home. It features 3 bedrooms and 2 bathrooms with just over 1500 square feet. The Garner has a spacious living room, ample master bedroom, 10' ceilings and a large kitchen island. This home features RevWood flooring, Madison Baguette cabinets, and quartz countertops, making it a light and bright color palate. This home is just two blocks away from our community's amenity center making it a perfect location to begin your journey of home ownership.

At $225/sqft, this home is 42% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4517 Lava Island Dr, Austin, TX 78747

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Property Details

Price $348,990

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,553 sqft

Lot Size 0.14 acres (5,967.72 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cascades at Onion Creek

County Travis

Zip Code 78747

$/sqft $225/sqft

Days on Market ,

HOA $65/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT224492973

List Date March 31, 2026

Elementary School Blazier

Middle School Paredes

High School Akins

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

2918 N 620 Ranch Rd #O282
VILLAS ON TRAVIS CONDOMINIUM $349,000 $250 2 bd / 3 ba 1,395 sqft , 2025-04-18

2009 Iroquois Ln #B
East Riverside - Oltorf $349,000 $241 2 bd / 3 ba 1,450 sqft , 2026-03-17

1312 Hyman Ln
Richland Estates Sec 01 $349,000 $193 3 bd / 2 ba 1,806 sqft , 2026-04-20

3901 Colorado High Ave
Colorado Crossing IV Sec 6-B $349,000 $208 4 bd / 2 ba 1,680 sqft , 2026-04-26

11512 Flushwing Dr
Pioneer Crossing West Sec 07 $349,000 $205 3 bd / 2 ba 1,701 sqft , 2026-05-02

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$1,675/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$69,798

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,675

Principal + Interest−$1,905

Property Tax (~2.1% TX avg)−$611

Insurance (~0.5%)−$145

Est. Monthly Cash Flow $-986

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

4517 Lava Island Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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